TNK-BP announces that Buguruslanneft (part of Orenburgneft, a 100% subsidiary of TNK-BP) is planning to drill and commission two wells at the Novo-Mikhailovskoe field and three wells at the Krasnoyarskoe field this year.
Last year, Buguruslanneft resumed drilling operations at the Novo-Mikhailovskoe field in the Buguruslan district of Orenburg region and they have already put one new well into operation in January 2012. The field produces 40 tonnes of oil per day and will generate incremental production of 16,300 tonnes for 2012 as a whole.
According to preliminary data, the new wells will boost output from the two fields by 20% in 2012 compared to last year, to reach 261,000 tonnes at Krasnoyarskoe and 67,000 tonnes at Novo-Mikhailovskoe.
Information for editors:
TNK-BP is Russia’s third largest oil company and is owned by BP and the AAR consortium (Alfa Group/Access Industries/Renova) on a parity basis. Additionally, TNK-BP owns approximately 50% of the Russian oil and gas company Slavneft. TNK-BP’s share in Russia’s oil production (including its share in Slavneft) is about 16%. The Company’s total proved SEC LOF reserves are 8.794 billion BOE as of December 31, 2010.
References to “TNK-BP” or “the Group” mean “TNK International and the Company’s consolidated subsidiaries” unless the context requires a different reading.
The Novo-Mikhailovskoye field was discovered in 1976 and commissioned in 1999. The Krasnoyarskoye field was discovered in 1941 and commissioned in 1956.